The new federal budget announced this spring eliminates tariffs on imported goods, including printing machinery and equipment, used by Canadian manufacturers including printers.

“In this Budget we are taking action to eliminate the remaining tariffs on machinery and equipment," said Finance Minister Jim Flaherty. "We are also eliminating tariffs on production inputs. This will give Canada the status of being the first G20 country to become a tariff-free zone for manufacturers.”

Combined with the strong Canadian dollar, 2010 and early 2011 are shaping up to be a prime time for investment.

The Canadian economy is rebounding and is in a healthier position compared to most G8 and OECD peers. The banking sector returned record profits in 2009, requiring no government bailouts. Corporate profits rose 7.9% in Q4 2009, national GDP increased 5%, housing sales remain strong and inflation low. Unemployment level is two percentage points less than Canada's major trading partner, the U.S.

Here are some recent economic headlines:

CANADIAN CORPORATE PROFIT RISES 7.9% IN Q4
—The Canadian Press, Feb. 2010

CANADIAN GDP INCREASES 5% IN 4TH QUARTER
—Bank of Canada, March 2010

CANADA RANKS HIGH IN LOW BUSINESS COSTS
-Globe and Mail, March 2010

CANADA IS MOVING FROM RECOVERY TO EXPANSION
-Globe and Mail, March 2010

CANADIAN ECONOMY RECOVERING WELL AFTER MILD AND BRIEF RECESSION
-The Economist, April 2010